Hefler Lumber sells biomass power plant
Feb. 3, 2017 - Nova Scotia-based Hefler Forest Products has sold its 3.7-megawatt biomass power plant in Middle Sackville, N.S., the first sale of its kind in Canada.
The new owners, Hawthorne Capital and Katalyst Wind, are considering having a third party operate the sawmill on site.
Kevin Bromley, a PricewaterhouseCoopers partner, told The Chronicle Herald the sale is the first of its kind in Canada.
“I’ve never seen (a biomass power plant) run independently. Every one I know has been tied to a forestry company,” Bromley said. “This is the first time I’ve seen a purchase by a non-industry buyer.”
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